rohith
asked almost 3 years ago
Hi I am Rohith. I am CA student. Can I know, How many days are public issues of shares kept open?
Surbhi
answered over 2 years ago
As per Clause 8.8.1, Subscription list for public issues shall be kept open for at least 3 working days and not more than 10 working days. In case of Book built issues, the minimum and maximum period for which bidding will be open is 3-7 working days extendable by 3 days in case of a revision in the price band. The public issue made by an infrastructure company, satisfying the requirements in Clause 2.4.1 (iii) of Chapter II may be kept open for a maximum period of 21 working days. As per clause 8.8.2., Rights issues shall be kept open for at least 30 days and not more than 60 days.
ranjan bhutani
answered almost 3 years ago
**For how many days are public issues of shares kept open?** The days for public issues of shares which has to be kept open is around 3 weeks after the closure of the book built issue. As the book built public issue takes around 3-7 working days which can be extended by 3 days if any how any price band case happens against it.
